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Builder Insurance

The building, construction, and logistics industries are a huge component of Australia’s thriving economy. At East West Insurance Brokers, we understand the value of our building and construction industry and are proud to support our Australian builders and customers who need insurance to protect themselves and their work.

In Australia, we have certain types of building indemnity insurance that is mandatory (depending on your state or territory), because of a need for public protection and to ensure that anyone who encounters your business or services is protected. Other kinds of builder insurance (generally the kinds that protect your business) are optional, but you do need to ensure that as a business owner or sole trader, you are protected against liability and damage.

Adequate Insurance for Builders

While it can be tempting to save some money by opting out of some of your non-essential insurances, we’re here to tell you that when you buy insurance, you are not only protecting your business and your bottom line, but your mental health! The peace of mind that comes from knowing that you are adequately protected if anything ever goes wrong is not to be underestimated.

Plus, what you save in the short term by not getting certain types of builder insurance, you risk missing out on in the long term if something ever goes wrong for your business.

We know that money is always a consideration in business – no matter what stage you’re at. You want to know you’re getting value for money on what you spend, and you want to know that you’re getting the appropriate product for your needs. When you work with our brokers at East West Insurance Brokers, you will enjoy an exceptional level of service from our highly experienced brokers who can find you the most suitable business insurance product to suit your needs.

We are in the business of matching you with the right product and getting you covered, whether you’re looking for building contractors insurance, builders public liability insurance, or building construction insurance.

How a Broker Can Help You

Choosing the appropriate kind of business insurance is a potentially fraught thing to do. For starters, there are a whole lot of products out there to choose from, and if you don’t have professional guidance and advice, you run the very real risk of not being adequately protected. Our brokers can work with you to ensure that your business receives a fitting level of protection.

We work with insurers and have a good relationship with our providers, which means that we can negotiate products to suit your needs. We provide ongoing training to our broker team which means that you’re always getting the cutting edge of broker advice. Our industry often evolves, with new products being offered and developed frequently. Thus, it can be tough to know what to choose unless you work with business insurance every day. Our brokers can help you cut through the noise and choose the most suitable product for your needs.

The Importance of Builder Insurance

There are many reasons why builder insurance is important for you, namely the potential for financial liability if something you work with or operate goes wrong and causes damage to property or injury to people. There are countless horror stories of builders not being adequately insured and suffering the financial consequences – so don’t let this happen to you. We offer a suite of products to suit niches within the builder insurance field.

Whether you need owner builder construction insurance, want protection for your vehicles on the road, need builders risk insurance, or protection for your workers, we can help.

1. Plant & Equipment (Hired In, Dry Hire, Owned & Operated)

When you are working with plant machinery and equipment – whether it’s hired, a dry hire or owned and operated – you need to be protected. We offer cover specifically designed to provide protection for business owners operating earthmoving equipment in the mining, construction, and civil works industries.

Cover options include:

  • Plant & Equipment Material Damage
  • Public Liability
  • Loss of Revenue & Finance Gap Protection
  • Road Risk Liability
  • Substitute Hire Vehicle
  • Mechanical Breakdown
  • Dry Hire / Wet Hire

2. Motor Vehicle (Commercial, Heavy, Fleet, with Trailer)

This insurance cover protects for loss or damage to your vehicle(s), as well as damage to third party vehicles and property.

Cover options include:

  • Comprehensive Motor
  • Third Party Liability
  • Windscreen Replacement
  • Rental Vehicle following an accident
  • No Claims Bonus Protection

3. Contract Works

Contract Works Insurance is designed for licensed builders and owner builders to protect you from Material Damage and Public & Products Liability risks during a civil, commercial, or residential project.

Cover options include:

  • Material Damage
  • Public & Products Liability
  • Personal Accident & Sickness

4. Public & Products Liability

This insurance cover protects your business if you are legally liable for third party personal injury and/or property damage. Public & Products Liability covers a range of business accidents, legal costs, and compensation payments.

Cover options include:

  • Public & Products Liability
  • Error & Omissions
  • Environmental Protection
  • Product Recall

5. Group or Individual Personal Accident & Sickness

This insurance cover protects you and your employees’ income in the event of serious injury or sickness.

Cover options include:

  • Weekly Injury & Sickness Benefits
  • Death & Capital Benefits
  • Non-Medical Medicare Expenses

How Confident Are You that Your Insurance Risks are Adequately Covered?

We work in risk management and want to help you to work out your individual or business needs and then help you understand what you need to insure. Our focus is on builder insurance that protects you and your business from financial liability and ensures greater peace of mind.

East West Insurance Brokers specialises in appropriate insurance solutions that fit your specific needs. Talk to an expert today to see if you are appropriately covered.

*Please note all insurance policies have exclusions. Please refer to the Product Disclosure Statement or Policy Wording before deciding whether the insurance policy meets your needs.